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Non-Tech : ICICI Ltd - (Nyse: IC)

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To: Mohan Marette who wrote (74)2/7/2000 11:04:00 AM
From: Mohan Marette  Read Replies (1) of 494
 
India Hot Stk: ICICI +8% On E-Commerce Plans

Monday, February 7 2:53 PM SGT

BOMBAY (Dow Jones)--Shares in development bank ICICI Ltd. (IC) are up the maximum permissible 8% Monday, with brokers bullish on the company's foray into e-commerce, dealers said.
A division of ICICI is to start offering stock trading on the Internet.

Shares of ICICI were at 154.20 rupees ($1=INR43.61), up INR11.40.

(Mohan:In order to avoid undue volatility in stocks Indian Exchanges trigger a 'circuit breaker' when any stock goes up/down 8% during the trading day, trading is halted for the day when a stock goes up/down by 8%)
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